Getech, a business which provides geological exploration studies to help oil explorers, has issued two licences for its global continental margins gravity and magnetic datasets.
The company is set to trouser more than $0.6m from the sales of data which Getech has amassed over the last 25 years. For a company which had revenue of £5.33m in its last financial year, that is a fairly chunky amount and led to the shares rising as high as 24.5p in the morning session, up from 23.75p at Friday's close. The stock is now just a penny off its 52-week high.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Annual house price growth halves to 3.5% – ONSAverage UK house prices rose by just 3.5% in the 12 months to April, as stamp duty changes deterred buyers. What’s the outlook for the rest of 2025?
-
Nationwide pays £100 to millions of people – have you received the payment?Nationwide has started paying its £100 Fairer Share bonus and expects to complete payments by 4 July. We look at who will get it and when.
